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    Property profile & analytics

    Carter St Okolona, MS 38860

    • Land
    • 13.00 lot acres
    For Sale
    View listing
    $78,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Carter St

    Lot size
    13.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 13-acre industrial land parcel presents a compelling investment opportunity in Okolona, Mississippi. Located off S. Carter Street, this property boasts 370 feet of road frontage, providing excellent accessibility. The land is zoned for industrial use, making it ideal for a variety of commercial ventures. City utilities, including water and sewer, are readily available. A shared small pond is a unique feature of this property. The location offers convenient access to Tupelo and West Point, both approximately 30 minutes away. Note that an adjacent, similarly sized 13-acre parcel is also available for purchase, offering the potential to acquire a combined 26 acres. The asking price for this specific 13-acre tract is $78,000, translating to $6,000 per acre. This represents a strong value proposition for industrial development in a strategically located area. The property's industrial zoning ensures flexibility for various uses, while its proximity to major transportation routes enhances its appeal. The availability of city utilities simplifies development plans, minimizing upfront infrastructure costs. The potential for expansion by acquiring the adjacent parcel adds further investment appeal. This property is ready for immediate development or long-term holding.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Okolona
    County
    Chickasaw
    State
    Mississippi
    Longitude
    -88.7381
    Latitude
    33.9956

    Comparable in this City

    • Value Estimation by Request
      13.00 Acres

      Carter St

      Land • 13.00 Acres
      0 Carter St, Okolona, MS 38860
      View Details
    • Value Estimation by Request
      5,625 SF

      747 Ms-245 Alt

      Land • 5,625 SF
      747 Ms-245 Alt, Egypt, MS 38860
      View Details
    • Value Estimation by Request
      5.00 Acres

      Laster Dr

      Manufacturing properties • 5.00 Acres
      0 Laster Dr, Okolona, MS 38860
      View Details
    • Value Estimation by Request
      100,000 SF

      Carter S St

      FACTORY (MANUFACTURING) • 100,000 SF
      Carter S St, Okolona, MS 38860
      View Details
    • Value Estimation by Request
      8,000 SF

      300 Carter St

      FACTORY (MANUFACTURING) • 8,000 SF
      300 Carter St, Okolona, MS 38860-1577
      View Details
    • Value Estimation by Request
      20,000 SF

      118 Mabry St

      FACTORY (MANUFACTURING) • 20,000 SF
      118 Mabry St, Okolona, MS 38860
      View Details

    Similar Nearby for Sale

    • $78,000
      13.00 Acres

      Industrial Land Tract in Okolona, MS

      13 Acres, $78,000 - Industrial Zoning
      0 Carter St, Okolona, MS 38860
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    • $78,000
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      Industrial Land: Okolona, MS

      13 Acres, $78,000 - Industrial Zoning
      0 Carter St, Okolona, MS 38860
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    • $599,900
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      Okolona Commercial Land Opportunity

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      Land For Sale Okolona

      Land available for sale in Okolona, Mississippi.
      Carter St S, Okolona, MS 38860
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      626,500 SF

      Okolona Industrial Distribution Center

      Massive Industrial Space - 626,500 SF
      431 Monroe Ave, Okolona, MS 38860
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      Okolona Industrial Warehouse For Sale

      5-Acre MS Warehouse, Manufacturing Space
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    Similar Nearby for Lease

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      626,500 SF

      Prime Chickasaw County Industrial Space

      Massive industrial space; lease or buy. Ideal for manufacturing & distribution.
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      307,094 SF

      Industrial Facility For Lease

      307,094 SF industrial facility suitable for logistics and distribution.
      431 E Monroe Ave, Okolona, MS 38860
      View Details
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    Okolona, MS 38860
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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